Silver attack came exactly as predicted – a day late.

The attack came the following day dumping the silver price to exactly $75 as he predicted. It’s like the tsunami possibly. First the sea goes backwards. Later it shoots. Silver is historically cheap and could rise a long way. Gold is already fair value. Ask a gold miner! Only God knows what comes next. Silver is looking like a BUY to me. Let’s see. The London Silver Coin fair is at Hammersmith Novotel on the 7th Feb.

As for the video source of the silver flash crash prediction, he might be a good one to follow.  It’s too early to say.

Second attack on silver is being readied by the predators tonight – $75 bottom? then they buy out leveraged positions.

If I’ve made you some money by talking about precious metals over the years, you could always drop the blog a donation.

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2 Responses to “Silver attack came exactly as predicted – a day late.”

  1. Tapestry says:

    The price should stay between $75 and $80 until next week, as options expire on Friday and the big banks don’t want to lose money. Next week the price can rise with the option traders getting nothing. Or not as the case may be!

  2. Tapestry says:

    Silver is in backwardation – meaning the futures price of silver is lower than the spot price. China’s silver market is effectively closed due to lack of supply. In the West the banks are suppressing the price as there are so many options and long futures contracts maturing today. In China spot silver is $150 an ounce. In the West $75 an ounce. These are nice round figures, as if agreed between powerful agents.

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